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Iron ore futures declined on Friday amid ongoing uncertainty surrounding Sino-U.S. trade tensions, but posted weekly gains, driven by strengthening near-term demand in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! settled 1.87% lower at 709 yuan ($97.30) a metric ton. The contract rose 0.35% this week. ...
https://www.hellenicshippingnews.com/iron-ore-posts-weekly-gains-on-resilient-china-demand/
https://www.hellenicshippingnews.com/iron-ore-posts-weekly-gains-on-resilient-china-demand/India’s coking coal imports will accelerate due to the limited availability of the key steelmaking ingredient amid a ramp-up of steel capacity, the steel secretary said on Friday. Imports of coking coal will increase to 160 million tons by 2030 from about 58 million tons as of now, Steel Secretary Sandeep Poundrik said. Coking coal ...
https://www.hellenicshippingnews.com/indias-steel-secretary-says-coking-coal-imports-to-accelerate/
https://www.hellenicshippingnews.com/indias-steel-secretary-says-coking-coal-imports-to-accelerate/Taylor Maritime Limited, the specialist dry bulk shipping company, today announces eleven new vessel sales for gross proceeds of $172.5 million, representing an average 4.0% discount to Fair Market Value. These sales are in addition to the previously announced vessel sale in January of $13.9 million (0.5% discount to 30 September 2024 Fair Market Value) ...
https://www.hellenicshippingnews.com/taylor-maritime-sold-11-vessels/
https://www.hellenicshippingnews.com/taylor-maritime-sold-11-vessels/The Baltic Exchange’s dry bulk sea freight index rose on Friday and posted its second straight weekly gain, helped by higher demand across all vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, added 20 points, or 1.5%, to 1,373. The index was up nearly 9% for the week. ...
https://www.hellenicshippingnews.com/baltic-index-logs-second-weekly-gain-on-higher-rates-across-vessels/London-listed dry bulk outfit Taylor Maritime has aligned its business with anticipated trade turbulence and taken advantage of improved market sentiment to sell 11 ships for $172.5m. The Ed Buttery-led company said that one bulker had already been delivered to its new owner, with the remaining 10 exiting the fleet by August this year, bringing …
https://splash247.com/taylor-maritime-offloads-11-ships/
https://splash247.com/taylor-maritime-offloads-11-ships/President Donald Trump signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.The order, which Trump signed in private…
https://www.marinelink.com/news/trump-order-fast-tracks-subsea-mining-525037
https://www.marinelink.com/news/trump-order-fast-tracks-subsea-mining-525037Odfjell’s chemical tanker Bow Olympus is currently crossing the Atlantic powered by a combination of wind-assisted propulsion and a certified sustainable 100% biofuel, marking the company’s first near carbon-neutral transatlantic voyage.Real…
https://www.marinelink.com/news/wind-biofuel-power-odfjells-first-near-525045
https://www.marinelink.com/news/wind-biofuel-power-odfjells-first-near-525045Dutch prosecutors said on Friday they had summoned shipbuilder Damen Shipyards on suspicion of violating EU sanctions against Russia and opened a separate case against the company and some of its executives for corruption.The company denied both sets of accusations.
https://www.marinelink.com/news/prosecutors-accuse-shipbuilder-damen-525052
https://www.marinelink.com/news/prosecutors-accuse-shipbuilder-damen-525052Swedish archaeologists are studying a rare discovery from a 16th-century shipwreck near Stockholm, hoping it will shed light on the history of trade and industry in the Baltic region and Sweden during that era.In May 2024, a barrel containing…
https://www.marinelink.com/news/thcentury-iron-salvaged-swedish-shipwreck-525053
https://www.marinelink.com/news/thcentury-iron-salvaged-swedish-shipwreck-525053Nantong Xiangyu Shipbuilding & Offshore Engineering has signed a construction deal for a pure electric-powered cable laying vessel with Zhongtian Technology’s Shanghai Yuanwei Construction Engineering. The vessel is 139.8 m long and 38 m wide and was developed by the Marine Design and Research Institute of China. The vessel is touted as the largest self-propelled, …
https://splash247.com/nantong-xiangyu-bags-order-for-chinas-largest-electric-cable-layer/
https://splash247.com/nantong-xiangyu-bags-order-for-chinas-largest-electric-cable-layer/